OIL Forex Analysis for Today, Thursday (27-06-2024)
SELL OIL: Monitor Potential Support Break
CLSK Analysis
US Oil Reserves Increase
The rally in oil prices stalled again following data showing an increase in US oil reserves of 3.591 million barrels last week.
Monitor Support Area
Prices are still moving in the support area. SELL opportunities can be considered if a break below this support area occurs.
Prediction: WEAK OIL
Resistance
- R1 82.05
- R2 81.00
- R3 80.63
- R4 80.15
Support
- S1 82.05
- S2 79.00
- S3 78.00
- S4 77.00
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